Swiss National Bank Has $547,000 Stake in Monarch Casino & Resort, Inc. (MCRI)

Swiss National Bank continued to hold its position in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,511 shares of the company’s stock at the end of the first quarter. Swiss National Bank owned 0.11% of Monarch Casino & Resort worth $547,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank increased its position in Monarch Casino & Resort by 6.3% in the fourth quarter. Comerica Bank now owns 9,897 shares of the company’s stock valued at $248,000 after buying an additional 587 shares in the last quarter. State Street Corp increased its position in Monarch Casino & Resort by 10.4% in the fourth quarter. State Street Corp now owns 265,108 shares of the company’s stock valued at $6,838,000 after buying an additional 24,905 shares in the last quarter. Renaissance Technologies LLC increased its position in Monarch Casino & Resort by 36.6% in the fourth quarter. Renaissance Technologies LLC now owns 250,520 shares of the company’s stock valued at $6,458,000 after buying an additional 67,120 shares in the last quarter. Two Sigma Investments LP increased its position in Monarch Casino & Resort by 63.0% in the fourth quarter. Two Sigma Investments LP now owns 48,116 shares of the company’s stock valued at $1,240,000 after buying an additional 18,603 shares in the last quarter. Finally, Shell Asset Management Co. bought a new position in Monarch Casino & Resort during the first quarter valued at about $550,000. Institutional investors own 57.22% of the company’s stock.

Monarch Casino & Resort, Inc. (MCRI) opened at 29.89 on Tuesday. The firm has a 50-day moving average of $30.61 and a 200 day moving average of $27.75. The firm has a market cap of $523.19 million, a P/E ratio of 21.38 and a beta of 1.04. Monarch Casino & Resort, Inc. has a 1-year low of $21.13 and a 1-year high of $32.55.

Monarch Casino & Resort (NASDAQ:MCRI) last released its earnings results on Tuesday, April 25th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $53.41 million during the quarter, compared to the consensus estimate of $51.30 million. Monarch Casino & Resort had a return on equity of 10.88% and a net margin of 11.27%. On average, analysts predict that Monarch Casino & Resort, Inc. will post $1.46 EPS for the current year.

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Several equities analysts have issued reports on MCRI shares. Imperial Capital upped their price objective on shares of Monarch Casino & Resort from $27.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, April 13th. Stifel Nicolaus upped their price objective on shares of Monarch Casino & Resort from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Monarch Casino & Resort from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Finally, Deutsche Bank AG upped their price objective on shares of Monarch Casino & Resort from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $44.40.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Institutional Ownership by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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